Provider of b2b Blockchain solutions BlockPool, has today revealed a Blockchain based solution set to provide a means for unbanked citizens to engage with the digital economy. Working alongside digital innovators Federation X, the solution will provide South East Asian agriculture workers with access to digital content services.

In South East Asia there are 500 million citizens without a bank account, either too afraid or unable to open bank accounts. With a high mistrust of banks, most use cash or redemption refill cards.

BlockPool has created a Blockchain based solution to replace the existing card system, and enable users to benefit from the digital economy. Money is instead held securely on an immutable Blockchain, and workers can either choose to take out money in cash or use it to pay for digital based services, enabled by Federation X. The Blockchain and e-currency will be implemented in a range of different products and services combining payment solutions with communication tools and e-commerce.

David Blundell Co-founder at BlockPool commented:

“We’re very excited to partner with Federation X on this innovative project. With this solution we are enabling people in developing countries to engage with the digital economy through Blockchain. We believe this is a solution with the potential to be implemented globally. It will provide access to secure financial services in remote areas to many people with a mistrust in current financial infrastructure.”

Critically the solution will lower settlement times, ensuring workers are paid for the work they do, putting more money in the pockets of workers, removing delay and lowering administrative costs. By using Blockchain, workers can be guaranteed the safety and security of their money as the system cannot be tampered with.

Torbjorn ”Toby” Jorgensen, CEO at Federation X said:

“It’s great to be working with BlockPool on a solution that will revolutionise banking practices in developing countries, and will greatly benefit individuals by helping them to simply and securely manage their finances on a more personal basis. Blockchain is an exciting new technology and we believe it will continue to disrupt outdated systems and practices. Partnering with BlockPool for our Blockchain solution was an obvious choice due to its years of experience in the sector.”

BlockPool is currently engaged in a Token Exchange Campaign (TEC), aiming to raise funds and investment in its Blockchain currency. More information can be viewed here: http://blockpool.io/icopageLaunched in 2017, BlockPool specialises in building B2B Blockchain solutions. The company delivers efficient and secure transfers and transactions that reduce overheads, replace or integrate with legacy systems and provide cost savings for data driven businesses.

BlockPool’s platform has been developed over five years of research and development into distributed ledger technology. The company is able to deliver to multiple business verticals in sectors including finance, lifestyle brands, music, art, legal, gaming, sport and asset tracking.

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.

He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.

A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.

In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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